Tag: Alt. Energy

Greenbriar to Seek Uplift to the Nasdaq Global Market

Newport Beach, California, Jun 1, 2020 – (ACN Newswire) – Greenbriar Capital Corp. (TSXV: GRB) (OTC: GEBRF) ("Greenbriar") is pleased to announce that Greenbriar is seeking to obtain a full listing on the world class NASDAQ Global Market Select. Conditions to list on the NASDAQ Global Market Select are a minimum US $4.00 share price, at least US $4 Million in net current assets plus the appropriate registration and exemption filings with the US Securities and Exchange Commission. Greenbriar is currently conducting internal non-deal road shows via conference calls with our own 53,000 investors and followers. The Greenbriar story is resonating with a broad spectrum of investors.

Greenbriar is moving ahead to construct the sophisticated 160MWdc/80MWac Montalva solar project in Puerto Rico, which will become the largest solar facility in the Caribbean once completed. Greenbriar is very confident the project will expand to 320MWdc/160MWac in the very near future. A sizeable electro-chemical storage facility as part of the solar field will enable 24/7 dispatch which is unique in ultra-large scale solar generation facilities. Montalva will provide Puerto Rican citizens with lower-cost, clean and reliable electricity and replace some of the current expensive and dirty oil generation.

The company is proudly building the project with the China Machinery Engineering Corporation (CMEC), a leading world class premier construction and engineering company, forming part of the USD $40 Billion China National Machinery Industry Corporation (Sinomach) group of companies.

Greenbriar has been informed by its legal counsel Luis Baco, JD, LLM, that the PREPA Governing Board has approved our project and contract this past Thursday May 28 and the contract has been presented to the US FOMB (US Federal Oversight Management Board) for final approval. In 2018 the US FOMB already recommended Montalva to be deemed a critical project to rebuild Puerto Rico. Montalva will provide over 900 construction jobs, an increased tax base and hundreds of millions of dollars of private funds invested to rebuild a new and resilient electrical grid. Greenbriar is proud of this contribution and its existing 12 year non-stop commitment in Puerto Rico.

About Greenbriar Capital Corp

Greenbriar is a leading developer of renewable energy and sustainable real estate. With long-term, high impact, contracted sales agreements in key project locations and led by a successful, industry-recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value. Greenbriar and its advisors have closed over $180 Billion in renewable energy projects since 2003 with previous companies.

ON BEHALF OF THE BOARD OF DIRECTORS
"Jeff Ciachurski"
Jeffrey J. Ciachurski
Chief Executive Officer and Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements. All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Greenbriar to Seek Uplift to the Nasdaq Global Market

Newport Beach, California, Jun 1, 2020 – (ACN Newswire) – Greenbriar Capital Corp. (TSXV: GRB) (OTC: GEBRF) ("Greenbriar") is pleased to announce that Greenbriar is seeking to obtain a full listing on the world class NASDAQ Global Market Select. Conditions to list on the NASDAQ Global Market Select are a minimum US $4.00 share price, at least US $4 Million in net current assets plus the appropriate registration and exemption filings with the US Securities and Exchange Commission. Greenbriar is currently conducting internal non-deal road shows via conference calls with our own 53,000 investors and followers. The Greenbriar story is resonating with a broad spectrum of investors.

Greenbriar is moving ahead to construct the sophisticated 160MWdc/80MWac Montalva solar project in Puerto Rico, which will become the largest solar facility in the Caribbean once completed. Greenbriar is very confident the project will expand to 320MWdc/160MWac in the very near future. A sizeable electro-chemical storage facility as part of the solar field will enable 24/7 dispatch which is unique in ultra-large scale solar generation facilities. Montalva will provide Puerto Rican citizens with lower-cost, clean and reliable electricity and replace some of the current expensive and dirty oil generation.

The company is proudly building the project with the China Machinery Engineering Corporation (CMEC), a leading world class premier construction and engineering company, forming part of the USD $40 Billion China National Machinery Industry Corporation (Sinomach) group of companies.

Greenbriar has been informed by its legal counsel Luis Baco, JD, LLM, that the PREPA Governing Board has approved our project and contract this past Thursday May 28 and the contract has been presented to the US FOMB (US Federal Oversight Management Board) for final approval. In 2018 the US FOMB already recommended Montalva to be deemed a critical project to rebuild Puerto Rico. Montalva will provide over 900 construction jobs, an increased tax base and hundreds of millions of dollars of private funds invested to rebuild a new and resilient electrical grid. Greenbriar is proud of this contribution and its existing 12 year non-stop commitment in Puerto Rico.

About Greenbriar Capital Corp

Greenbriar is a leading developer of renewable energy and sustainable real estate. With long-term, high impact, contracted sales agreements in key project locations and led by a successful, industry-recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value. Greenbriar and its advisors have closed over $180 Billion in renewable energy projects since 2003 with previous companies.

ON BEHALF OF THE BOARD OF DIRECTORS
"Jeff Ciachurski"
Jeffrey J. Ciachurski
Chief Executive Officer and Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements. All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Greenbriar Capital Corp Reaches Commercial Agreement with the Puerto Rico Electric Power Authority

Coquitlam, British Columbia, May 20, 2020 – (ACN Newswire) – Greenbriar Capital Corp. (TSXV: GRB) (OTC: GEBRF) ("Greenbriar") is pleased to announce the following statement from our legal counsel in Washington, DC. Luis Baco, JD, LLM, states:



"Greenbriar Capital Corp ("Greenbriar") is pleased to announce that it has reached agreement with the Puerto Rico Electric Power Authority (PREPA) on a 25-year Power Purchase and Operating Agreement (PPOA) for the development, construction, and operation of the 80MW to 160MW AC Montalva solar project. The Montalva PPOA now moves on to final approval by the Puerto Rico Energy Bureau (PREB) and the Puerto Rico Financial Oversight and Management Board (FOMB). This process is expected to last 4-5 weeks. We are very pleased with this outcome and are eager and ready to get started on building this great and long-overdue project that will help transform the Island's energy sector and bring about great savings to the people of Puerto Rico. Once built to full capacity, the Montalva solar project will become the largest solar energy facilities in the whole Caribbean region."

Greenbriar is proudly working together with CMEC of Beijing to design, build and construct this CDN $200 Million facility. CMEC is part of the USD $40 Billion Sinomach Group of Companies, and is world renown in building large scale high quality energy projects.

About Greenbriar Capital Corp

Greenbriar is a leading developer of renewable energy and sustainable real estate. With long-term, high impact, contracted sales agreements in key project locations and led by a successful, industry-recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value. Greenbriar and its advisors have closed over $180 Billion in renewable energy projects since 2003.

ON BEHALF OF THE BOARD OF DIRECTORS
"Jeff Ciachurski"
Jeffrey J. Ciachurski
Chief Executive Officer and Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements. All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Greenbriar Capital Corp Provides Montalva Project Update

Coquitlam, British Columbia, May 8, 2020 – (ACN Newswire) – Greenbriar Capital Corp. (TSXV: GRB) (OTC: GEBRF) ("Greenbriar") is pleased to announce the following statement from our legal counsel in Washington, DC. Luis Baco, JD, LLM, states:

"Greenbriar Capital Corp ("Greenbriar") is pleased to announce that significant progress has been achieved in the past weeks towards reaching a final agreement with the Puerto Rico Electric Power Authority (PREPA) on the revised PPOA for the Montalva Solar Project to be built in the municipalities of Guanica and Lajas, Puerto Rico. PREPA informed its Governing Board on April 30 that it has attained substantial progress on 7 of the 19 remaining amended and restated renewable energy PPOAs, and that they expect to reach a final agreement on these projects on or before the Board's self-imposed deadline of May 15 (which constitutes a COVID-19 triggered 15-day extension from the original April 30 deadline). Greenbriar has been informed by PREPA that Montalva is one of these projects, and the expectation on both sides is that a final resolution on the few remaining commercial issues should be achieved within the next week to ten days. Once built, the 80MW to 160MW AC Montalva solar project will be the largest solar energy facility in the Caribbean region and greatly assist PREPA and the Government of Puerto Rico accomplish its very aggressive policy objective to achieve 40% power generation from renewable sources by 2025.

About Greenbriar Capital Corp

Greenbriar is a leading developer of renewable energy and sustainable real estate. With long-term, high impact, contracted sales agreements in key project locations and led by a successful, industry-recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value. Greenbriar and its advisors have closed over $180 Billion in renewable energy projects since 2003.

ON BEHALF OF THE BOARD OF DIRECTORS
"Jeff Ciachurski"
Jeffrey J. Ciachurski
Chief Executive Officer and Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements. All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/55578

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Greenbriar Capital Corp Reports $3,230,974 or $0.16 per Share of Net Income for Fiscal 2019

Coquitlam, British Columbia, Apr 30, 2020 – (ACN Newswire) – Greenbriar Capital Corp. (TSXV: GRB) (OTC: GEBRF) ("Greenbriar") is pleased to announce that it has recorded net income of $3,230,974 or $0.16 per share for the twelve (12) months ending Dec. 31, 2019. These Audited Financial Statements and the respective Management Discussion and Analysis are available for viewing at www.sedar.com.

About Greenbriar Capital Corp

Greenbriar is a leading developer of renewable energy and sustainable real estate. With long-term, high impact, contracted sales agreements in key project locations and led by a successful, industry-recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value. Greenbriar and its advisors have closed over $180 Billion in renewable energy projects since 2003.

ON BEHALF OF THE BOARD OF DIRECTORS
"Jeff Ciachurski"
Jeffrey J. Ciachurski
Chief Executive Officer and Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements. All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/55211

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

US M&A partner, Enerkon Solar International (ENKS OTC) Takes 20% of Albayraklar a Major Turkish Defense Company

DELRAY BEACH, FLORIDA, USA, Apr 24, 2020 – (ACN Newswire) – Enerkon CEO Mr. Benjamin Ballout stated that "An agreement was signed this week on the purchase of 20 percent shares in Albayraklar Defense, a subsidiary of Albayraklar Holding, to Enerkon – (ENKS)."

In addition to the sale of shares, a company under the name of Wattozz Holdings Inc was established in the USA, and that 49 percent of this firm would belong to the Turkish side. According to the statement, the Wattozz company as an ENKS corporate Division under the license of Enerkon, will be listed on the NASDAQ stock exchange trading under its own symbol and trade name.

Wattozz, Albayraklar Defense EW Division plans mass production, electric weapons factories to be established in Turkey and two in the United States which will create many jobs at this critical time and market to National and International Police and Military Organizations.

Among the world famous products of Albayraklar Savunma, wireless electroshock gun Wattozz (a replacement for the common Taser type weapon) can be controlled remotely, with NO wires and the T61 gun modification system, which eliminates the problem of kickback and hacking in all kinds of short or long barreled rifles and pistols, comes to the fore. The aircraft, (UAV) which has a 3-axis firing capability, will be produced in the factory's, which would start operating in the USA if or when regulatory approvals are obtained from Federal Authorities.

Mr. Ballout thanked Mr. Harun Sevimli – CEO of Sevtron Global for introducing the transaction to ENKS and agreeing to take a board position in the new company.

Mr. Ballout further stated that a BakerTilly Valuation report issued on the Patents and Product Market Values exceeded $1 Billion USD for the Albaraklar products are now combined with the ENKS-Albaraklar international Partnership and Major USA Police Union affiliates have expressed interest in the new taser type, Police Defense Weapon System.

The foregoing statements are forward looking statements, and as such, they may or may not reflect the results which could transpire in the future which should be negative or not transpire at all due to circumstances or other reasons and investors, shareholders, or others should not rely on these forward looking statements to ascertain any value if any of ENKS or to make any investment decisions and to take note that this is not an offer to buy or sell securities or an endorsement of ENKS for investment purposes as all investment carry a risk of loss sometimes a total loss of your investment in Micro cap shares markets or any market and therefore such statements or plans should not be relied upon for any business decisions of any kind. Approvals and permissions required by federal regulations may or may not be approved and if not approved may result in the loss of all value and all investments in products requiring such regulatory permissions to market and sell. These statements are made as forward looking statements for educational purposes only in accordance with the rules and regulations which pertain to the same.

Contact Information:

Mr. Benjamin Ballout
Enerkon Solar International Inc.
Phone: +15614317762
Email: info@enerkoninternational.com

This news release was issued through EmailWire – the global newswire with press release distribution services: http://www.emailwire.com .

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

US M&A partner, Enerkon Solar International (ENKS OTC) Takes 20% of Albayraklar a Major Turkish Defense Company

DELRAY BEACH, FLORIDA, USA, Apr 24, 2020 – (ACN Newswire) – Enerkon CEO Mr. Benjamin Ballout stated that "An agreement was signed this week on the purchase of 20 percent shares in Albayraklar Defense, a subsidiary of Albayraklar Holding, to Enerkon – (ENKS)."



In addition to the sale of shares, a company under the name of Wattozz Holdings Inc was established in the USA, and that 49 percent of this firm would belong to the Turkish side. According to the statement, the Wattozz company as an ENKS corporate Division under the license of Enerkon, will be listed on the NASDAQ stock exchange trading under its own symbol and trade name.

Wattozz, Albayraklar Defense EW Division plans mass production, electric weapons factories to be established in Turkey and two in the United States which will create many jobs at this critical time and market to National and International Police and Military Organizations.

Among the world famous products of Albayraklar Savunma, wireless electroshock gun Wattozz (a replacement for the common Taser type weapon) can be controlled remotely, with NO wires and the T61 gun modification system, which eliminates the problem of kickback and hacking in all kinds of short or long barreled rifles and pistols, comes to the fore. The aircraft, (UAV) which has a 3-axis firing capability, will be produced in the factory's, which would start operating in the USA if or when regulatory approvals are obtained from Federal Authorities.

Mr. Ballout thanked Mr. Harun Sevimli – CEO of Sevtron Global for introducing the transaction to ENKS and agreeing to take a board position in the new company.

Mr. Ballout further stated that a BakerTilly Valuation report issued on the Patents and Product Market Values exceeded $1 Billion USD for the Albaraklar products are now combined with the ENKS-Albaraklar international Partnership and Major USA Police Union affiliates have expressed interest in the new taser type, Police Defense Weapon System.

The foregoing statements are forward looking statements, and as such, they may or may not reflect the results which could transpire in the future which should be negative or not transpire at all due to circumstances or other reasons and investors, shareholders, or others should not rely on these forward looking statements to ascertain any value if any of ENKS or to make any investment decisions and to take note that this is not an offer to buy or sell securities or an endorsement of ENKS for investment purposes as all investment carry a risk of loss sometimes a total loss of your investment in Micro cap shares markets or any market and therefore such statements or plans should not be relied upon for any business decisions of any kind. Approvals and permissions required by federal regulations may or may not be approved and if not approved may result in the loss of all value and all investments in products requiring such regulatory permissions to market and sell. These statements are made as forward looking statements for educational purposes only in accordance with the rules and regulations which pertain to the same.

Contact Information:

Mr. Benjamin Ballout
Enerkon Solar International Inc.
Phone: +15614317762
Email: info@enerkoninternational.com

This news release was issued through EmailWire – the global newswire with press release distribution services: http://www.emailwire.com .

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

2000 km on a Single Charge: Brighsun’s Li-S Batteries to Enter Industrial Trials

FRANKSTON, AUS, Apr 21, 2020 – (ACN Newswire) – Lithium batteries will soon power Electric Vehicles (EVs) traveling 2,000 km on a single charge, say the team at Brighsun New Energy. The company is preparing for industrial trials later in the year for a range of lithium-sulfur (Li-S) batteries that can power a cell phone for over a week and can theoretically travel close to 2,000 km on a single charge. The revolution is underway.



Lithium Sulfur (Li-S) Battery Technology Breakthrough

Through nearly 8 years of research, the Brighsun team developed lithium-sulfur (Li-S) batteries with an energy density 5-8 times higher than conventional secondary batteries. According to results from an internationally accredited testing agency (SGS), Brighsun's new technology allows an Li-S battery to keep 91% of its initial capacity after 1,700 cycles at a rate of 2C (being fully charged/discharged in 30 mins). That means the capacity decay per cycle is as low as 0.01%. Even at a more aggressive rate of 5C (being fully charged/discharged in 12.5 mins), Brighsun's Li-S battery retains 74% of its initial capacity after 1,000 cycles (capacity decay per cycle of 0.026%). The cathode energy density for the 1th cycle after activation at charge rate of 1C is 2103.8Wh/kg.

Driven by the growing markets world-wide for EVs, the battery industry has explored a range of chemical combinations: lithium iron phosphate, lithium cobalt oxide and, currently, nickel manganese cobalt. However, current battery systems still suffer from the major disadvantages of relatively low energy density, high raw material costs and secondary pollution during recycling.

A Game Changer

Brighsun's advanced Li-S chemistry, offering high energy density and resultant low raw material costs, will be a game changer in the EV industry. Li-S batteries also have the potential to become the most promising energy storage systems for future railways, ships and airlines. Industries such as electric supply grid storage, mobile phones, drones and AI will also benefit from dramatically higher energy density storage provided by Brighsun's new battery system.

Companies in the US, Germany, Korea and China have been developing Li-S batteries and have achieved promising breakthroughs. However, these systems still face a number of challenges, including volume expansion of cathode materials during cycling, the shuttling effect of polysulfides, and the dendritic growth of lithium on the anode. This results in shorter cycling life and poor fast-charging capability, both major obstacles to their application in the world automotive industry.

Brighsun's Revolutionary Approach

Brighsun has patented Li-S battery technology that prevents the generation of polysulfide on the sulfur cathode and effectively suppresses dendritic growth of Li on the anode Li-S, paving the way for Li-S battery use in EVs.

The company has already developed processes for the production of cathode materials (electrolytes, separators and lithium sheet anodes), of which the core materials (anodes, electrolytes, and separators) can be produced in batches. Trial production of high-power cells with an expected energy density in excess of 1,000 Wh/kg is about to begin. Brighsun is also developing a solid-state electrolyte compatible with its Li-S system, aiming at further improvements in the cycling life, energy density and safety of its Li-S batteries.

Plentiful and Low Cost Battery Materials

The main raw materials for Brighsun's Li-S batteries are widely available in Australia, with a supply sufficient for hundreds of years. Indeed, at under AUD100 for 1kWh, the expected production cost of Brighsun-branded 2U Li-S batteries is lower than conventional lithium ion batteries – providing a major boost to the development of electric vehicle and related industries in Australia and around the world.

Going Forward

Brighsun is currently in discussion with potential investors in the large-scale trial production of Li-S batteries. The development process for large-scale production is expected to be finished by end-2020, followed by the mass production of Li-S batteries.

Brighsun's new energy-dense Li-S battery is expected to accelerate EV take-up around the world, spurred by dramatically improved single-charge travel performance, low cost and long life. Combined with the relative simplicity of EV design compared to internal combustion engine/hybrid vehicles, consumers and the industry alike are set to benefit from lower cost, emission-free transport. At the same time, Brighsun's 2U Li-S batteries offer huge benefits to the mobile phone and solar-electric storage industries, generating dramatic performance improvements in both.

About Brighsun EV Group

Brighsun sees its EV technology as a contribution to society's need for more cost effective and less polluting transport. Our Head Office is in Australia and focuses on using new energy technology to produce market ready solutions. Our intellectual property is fully owned by Brighsun and patented in Australia. Our technology comes from our research & development, critical to maintaining our competitive edge. We are building a production base built on our world leading technologies in lithium batteries, and expanding our Zhejiang battery production. For information, please visit http://www.brighsun.com/Index_En.asp.

Brighsun
Sherry Xiao
Frankston, Australia
kevinhuang@brighsun.com
http://www.brighsun.com


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

2000 km on a Single Charge: Brighsun’s Li-S Batteries to Enter Industrial Trials

FRANKSTON, AUS, Apr 21, 2020 – (ACN Newswire) – Lithium batteries will soon power Electric Vehicles (EVs) traveling 2,000 km on a single charge, say the team at Brighsun New Energy. The company is preparing for industrial trials later in the year for a range of lithium-sulfur (Li-S) batteries that can power a cell phone for over a week and can theoretically travel close to 2,000 km on a single charge. The revolution is underway.

Lithium Sulfur (Li-S) Battery Technology Breakthrough

Through nearly 8 years of research, the Brighsun team developed lithium-sulfur (Li-S) batteries with an energy density 5-8 times higher than conventional secondary batteries. According to results from an internationally accredited testing agency (SGS), Brighsun's new technology allows an Li-S battery to keep 91% of its initial capacity after 1,700 cycles at a rate of 2C (being fully charged/discharged in 30 mins). That means the capacity decay per cycle is as low as 0.01%. Even at a more aggressive rate of 5C (being fully charged/discharged in 12.5 mins), Brighsun's Li-S battery retains 74% of its initial capacity after 1,000 cycles (capacity decay per cycle of 0.026%). The cathode energy density for the 1th cycle after activation at charge rate of 1C is 2103.8Wh/kg.

Driven by the growing markets world-wide for EVs, the battery industry has explored a range of chemical combinations: lithium iron phosphate, lithium cobalt oxide and, currently, nickel manganese cobalt. However, current battery systems still suffer from the major disadvantages of relatively low energy density, high raw material costs and secondary pollution during recycling.

A Game Changer

Brighsun's advanced Li-S chemistry, offering high energy density and resultant low raw material costs, will be a game changer in the EV industry. Li-S batteries also have the potential to become the most promising energy storage systems for future railways, ships and airlines. Industries such as electric supply grid storage, mobile phones, drones and AI will also benefit from dramatically higher energy density storage provided by Brighsun's new battery system.

Companies in the US, Germany, Korea and China have been developing Li-S batteries and have achieved promising breakthroughs. However, these systems still face a number of challenges, including volume expansion of cathode materials during cycling, the shuttling effect of polysulfides, and the dendritic growth of lithium on the anode. This results in shorter cycling life and poor fast-charging capability, both major obstacles to their application in the world automotive industry.

Brighsun's Revolutionary Approach

Brighsun has patented Li-S battery technology that prevents the generation of polysulfide on the sulfur cathode and effectively suppresses dendritic growth of Li on the anode Li-S, paving the way for Li-S battery use in EVs.

The company has already developed processes for the production of cathode materials (electrolytes, separators and lithium sheet anodes), of which the core materials (anodes, electrolytes, and separators) can be produced in batches. Trial production of high-power cells with an expected energy density in excess of 1,000 Wh/kg is about to begin. Brighsun is also developing a solid-state electrolyte compatible with its Li-S system, aiming at further improvements in the cycling life, energy density and safety of its Li-S batteries.

Plentiful and Low Cost Battery Materials

The main raw materials for Brighsun's Li-S batteries are widely available in Australia, with a supply sufficient for hundreds of years. Indeed, at under AUD100 for 1kWh, the expected production cost of Brighsun-branded 2U Li-S batteries is lower than conventional lithium ion batteries – providing a major boost to the development of electric vehicle and related industries in Australia and around the world.

Going Forward

Brighsun is currently in discussion with potential investors in the large-scale trial production of Li-S batteries. The development process for large-scale production is expected to be finished by end-2020, followed by the mass production of Li-S batteries.

Brighsun's new energy-dense Li-S battery is expected to accelerate EV take-up around the world, spurred by dramatically improved single-charge travel performance, low cost and long life. Combined with the relative simplicity of EV design compared to internal combustion engine/hybrid vehicles, consumers and the industry alike are set to benefit from lower cost, emission-free transport. At the same time, Brighsun's 2U Li-S batteries offer huge benefits to the mobile phone and solar-electric storage industries, generating dramatic performance improvements in both.

About Brighsun EV Group

Brighsun sees its EV technology as a contribution to society's need for more cost effective and less polluting transport. Our Head Office is in Australia and focuses on using new energy technology to produce market ready solutions. Our intellectual property is fully owned by Brighsun and patented in Australia. Our technology comes from our research & development, critical to maintaining our competitive edge. We are building a production base built on our world leading technologies in lithium batteries, and expanding our Zhejiang battery production. For information, please visit http://www.brighsun.com/Index_En.asp.

Brighsun
Sherry Xiao
Frankston, Australia
kevinhuang@brighsun.com
http://www.brighsun.com

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Greenbriar Executes Cooperation Agreement with China Machinery Engineering Corporation to Build the Large Montalva Solar Facility

Coquitlam, British Columbia, Apr 7, 2020 – (ACN Newswire) – Greenbriar Capital Corp (TSXV: GRB) (OTC: GEBRF) ("Greenbriar") is pleased to announce that it has signed a fully executed Cooperation Agreement with China Machinery Engineering Corporation ("CMEC") of Beijing, China to be the Engineering, Procurement and Construction ("EPC") company to design, build, equip and construct the 80MW to 160 MW AC Montalva Solar project in Puerto Rico.
Greenbriar Capital Corp


China Machinery Engineering Corporation



After two massive hurricanes in 2017 and a crushing 6.4 magnitude earthquake on January 6, 2020 which destroyed the 990 MW Costa Sur power plant, Puerto Rico is acutely short of long term stable power generation. Finally, the value of our solar project has been recognized as a major solution to the long term energy needs of the Island, offering green, reliable, affordable and safe energy that further offers energy independence to the rate payers of Puerto Rico. A congressional report in 2017 discovered that the local utility over-paid $18 Billion of crude oil purchases from 2003 to 2017. The Montalva project offers an exit from this dangerous cycle of expensive and toxic generation of electricity from burning expensive imported crude oil.

China Machinery Engineering Corporation (CMEC) is a leading world class and premier construction and engineering company, forming one part of the USD $40 Billion dollar China National Machinery Industry Corporation (Sinomach) group of companies.

The specialization of CMEC is the construction of power projects in generation, transmission, and distribution and with its parent company is considered the 3rd largest in the world.

The company is also present in Turkey with representative offices in Istanbul and Ankara. CMEC has operated in Turkey since the mid-1980s and operations in the country accounted for a total value of projects in Turkey amounting to USD $3 Billion dollars.

Moving into investment, the CMEC announced in 2013 the creation of an investment fund, based on its own equity capital and lines of credit from Chinese financial institutions.

CMEC signed a deal with Argentina in 2010 to rehabilitate the Belgrano Cargas freight network, part a series of railways that cross the central and northern parts of the country. In 2013, financing was announced for the project with a loan of USD $2.47 billion dollars from China Development Bank to finance the bulk of costs. A second deal was signed in September 2015, doubling the original investment to USD $4.8 Billion dollars.

CMEC also built and partially owns two power plants in Nigeria, the Omotosho Power Plants in Ondo State.

In January 2016, the company signed EUR 150 million euro deal with the Bosnian city, Tomislavgrad, to build a wind farm. The project was finished in 2017.

Jeff Ciachurski, CEO of Greenbriar states "CMEC has the industrial might and horsepower to build this complex solar project for the citizens of Puerto Rico that encompasses a very large DC/AC ratio and significant battery storage systems that account for up to 45% of the rated capacity, providing power long after the sun goes down. We are honoured to be working with the dedicated and professional staff at CMEC."

About Greenbriar Capital Corp:

Greenbriar is a leading developer of renewable energy and sustainable real estate. With long-term, high impact, contracted sales agreements in key project locations and led by a successful, industry-recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value. Greenbriar and its financial and legal advisors have closed over $180 Billion in renewable projects since 2003.

ON BEHALF OF THE BOARD OF DIRECTORS
"Jeff Ciachurski"
Jeffrey J. Ciachurski
Chief Executive Officer and Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements. All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.

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